Stocks looked set to open in the red on Thursday as the relief rally sparked by this week’s U.S.-China tariff deal lost steam.
Futures tracking the Dow Jones Industrial Average fell 207 points, or 0.5%, and S&P 500 futures slipped 0.3%. Contracts tied to the Nasdaq 100 were down 0.2%, putting the tech-heavy gauge’s six-day winning streak at risk.
The three indexes surged at the start of this week after Washington and Beijing brokered a deal to scale back tariffs for 90 days, but the market will need further catalysts to carry on rising. President Donald Trump’s tour of the Middle East did yield some good news Wednesday, with Saudi Arabia’s national oil company Aramco signing agreements with U.S. companies with a potential value of $90 billion.
